Bitcoin SVPrice

(BSV)

Bitcoin SV (BSV) is a cryptocurrency created in 2018 through a hard fork of Bitcoin Cash. The name stands for "Satoshi Vision," reflecting its primary objective: restoring the original Bitcoin protocol as described in the 2008 whitepaper. While Bitcoin (BTC) focuses on Layer 2 solutions for scaling, BSV aims to be the "real" Bitcoin by maintaining a stable protocol and allowing for unlimited on-chain scaling. Its proponents argue that keeping the protocol locked while expanding block sizes allows it to function as a global peer-to-peer electronic cash system and data ledger.

A central point of contention for BSV is its lead advocate, Craig Wright, who has long claimed to be Satoshi Nakamoto. This claim has faced significant legal scrutiny. In March 2024, a UK High Court ruled that Wright is not Satoshi Nakamoto and did not author the Bitcoin whitepaper. This ruling is a major development in the ongoing debate over the project’s leadership and identity. Despite this, BSV supporters focus on the technical implementation of the protocol itself rather than the individual figurehead, prioritizing the utility of the network's unbounded scaling capabilities.

BSV scales "on-chain" by removing hard-coded block size limits, moving from 128MB to 2GB, and eventually aiming for unbounded sizes. The network utilizes upgrades like "Quasar" and "Genesis" to restore original opcodes and eliminate software caps. "Teranode" is the next-generation node software designed to transition the blockchain to a microservices architecture. Its goal is to process over 1 million transactions per second. By handling massive volumes on Layer 1, BSV intends to support a global data economy without relying on off-chain solutions, making it a high-throughput enterprise-grade ledger.

Several exchanges previously delisted BSV due to legal actions taken by its leadership and concerns over project reputation. However, users can still access BSV on major global platforms like LBank. Regarding centralization, critics argue that massive block sizes require high-end hardware, potentially limiting node operation to large entities. BSV advocates counter that professionalization is necessary for enterprise scaling. The economic model relies on high transaction volume; as block rewards diminish, the network aims to sustain miners through millions of tiny transaction fees rather than high subsidies, ensuring long-term security through utility.

BSV focuses on enterprise-level data utility and "Web3" applications. It supports the "Metanet," a concept for a value-based internet where all data is stored on-chain, allowing users to monetize content via micropayments. By restoring the original Bitcoin Script, BSV enables complex smart contracts directly on Layer 1, utilizing tools like sCrypt for tokens and NFTs. Primary use cases include micropayments for digital content, supply chain tracking for immutable record-keeping, and AI provenance to prove data integrity. These features transform the blockchain from a simple payment system into a comprehensive global data ledger.

Users looking to trade or hold Bitcoin SV can find it on reputable global exchanges such as LBank. Once acquired, BSV can be stored in various specialized wallets depending on the user's needs. HandCash is popular for those interacting with apps and games, while Centbee is optimized for daily payments. For users prioritizing security on a desktop environment, ElectrumSV is a common choice. These wallets leverage BSV’s low fees to provide a seamless user experience, allowing for the transfer of fractions of a cent and interaction with the growing ecosystem of on-chain applications.